Lower Interest Rates Help Orange County Home Buyers and Sellers

Anyone buying or selling a home in the Orange County real estate market is probably already aware that the Federal Reserve has cut interest rates – not once, but twice!  This is huge news and is really a great thing for the Southern California real estate market. 

So what does this really mean for you?  Well thankfully it’s news for you.  If you’re a buyer, these new interest rate cuts can help you afford the Orange County home you’ve been dreaming of.  Since lower interest rates translate to lower monthly mortgage payments, you can actually afford more home then you could have just a few weeks ago.

If you’re a seller, the Federal Reserve’s cutting of the interest rate has come at a great time for you.  The spring is normally a busy season for Orange County real estate (even though the market is slow right now, the spring is still busier then other times of the year).  These interest rate cuts will help draw even more buyers into the market – meaning your home will hopefully sell quicker and for more money.

If you’re still on the fence about whether or not now is the best time to buy or sell, talk to your Orange County Realtor and get their expert opinion.  Or shoot me an email at Angie@AskAngie.com.